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2-bed · 2,021 sqftPalazzo Versace, Culture Village · 6th floor · completed 2015

1611, Palazzo Versace

Sold prices and rental history: sold once, by the developer in August 2013, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1611 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 6.12M13 August 2013
Current rentAED 200K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1611, Palazzo Versace

What is 1611 worth today?

Last sold for AED 6,117,840 in 2013

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1 Oct 2024RentedNew contract
AED 200,000/yr24 months · AED 99 per sqft
13 Aug 2013Sold by developerOff-plan
AED 6,117,840AED 3,027 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
2,021 sqft
Floor
6th of 8
Parking
B2-W164, B2-W165
Developer
Emirates PV Dubai
Completed
2015
Last sold
AED 6.12M · August 2013
Building
Palazzo Versace

About 1611, Palazzo Versace

1611 is a two-bedroom apartment of 2,021 sqft on the 6th floor of Palazzo Versace, a 8-storey tower in Culture Village completed in 2015 by Emirates PV Dubai. The developer sold it on 13 August 2013 for AED 6,117,840, or AED 3,027 per sqft, 25% above the AED 2,426 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2024. The current contract, signed on 1 October 2024, is AED 200,000 a year: a gross yield of 3.3% on the 2013 price.

Sales and rents for 1611 over time

Sales
Unit 1611, each saleTypical two-bed in Palazzo Versace
5M2009201420192024Typical sale price by year: 2009 AED 7,767,500; 2011 AED 4,189,000; 2012 AED 4,191,438; 2013 AED 5,551,500; 2014 AED 6,373,700; 2016 AED 7,200,000; 2017 AED 3,416,131; 2018 AED 3,000,000; 2019 AED 2,000,000; 2021 AED 2,891,662; 2023 AED 3,520,000; 2024 AED 4,200,000; 2025 AED 3,633,300Sold by developer, August 2013: AED 6,117,840 (AED 3,027 per sqft)

1611 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1611, each contractTypical two-bed in Palazzo Versace
150K200K250K2016201920222025Typical rent by year: 2016 AED 235,000; 2017 AED 210,000; 2018 AED 180,000; 2019 AED 179,000; 2020 AED 150,000; 2021 AED 158,322; 2022 AED 201,600; 2023 AED 220,880; 2024 AED 250,000; 2025 AED 250,000New contract, October 2024: AED 200,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palazzo Versace, and where 1611 sits

All 76 2-beds →

1611 last sold in August 2013 at AED 3,027 per sqft, 25% above what two-beds in Palazzo Versace were fetching at the time (AED 2,426). Over the last 12 months two-beds sold for AED 3,015,526 to 3,880,000, around AED 1,887 per sqft, and rent for AED 225,000 to 250,000 a year. 1611's AED 200,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20263,880,000
16 Jan 20263,250,000
22 Dec 20253,015,526
24 Jun 20253,466,600
3 2-bed sales in the last 12 months

Palazzo Versace

Building

166 apartments, 1-bed to 6-bed over 8 floors in Culture Village, completed in 2015 by Emirates PV Dubai. 6 sold in the last 12 months.

Typical price per sqft
AED 2,044
Typical sale
AED 3.73M
Typical rent
AED 250K /yr
Typical yield
6.1%
Palazzo Versace, Culture Village: prices, sales and rents →

Other units on the 6th floor

All 166 units in Palazzo Versace
Value
16012-bedAED 4.29M · Jul 2024
16023-bedAED 4.6M · Mar 2022
16032-bedAED 9.45M · Jan 2012
16042-bedAED 3.2M · Jan 2019
16054-bedAED 139K · Jan 2022
16062-bedAED 5.5M · Apr 2011
16072-bedAED 4.33M · Feb 2009
1–7 of 22

1611, Palazzo Versace in numbers

  • Sold once: by Emirates PV Dubai on 13 August 2013 for AED 6,117,840, or AED 3,027 per sqft.
  • Rented since October 2024 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2013 price is 3.3%.
  • Two-beds in Palazzo Versace sold for AED 3,015,526–3,880,000 in the 12 months to November 2026; the building's median across all types is AED 2,044 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Questions about 1611, Palazzo Versace

What did unit 1611 last sell for?

AED 6,117,840 on 13 August 2013, sold by the developer: AED 3,027 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 1611?

AED 200,000 a year on the contract signed on 1 October 2024.

How big is unit 1611?

2,021 sqft (187.8 sqm): a two-bedroom apartment on the 6th floor of a 8-storey tower completed in 2015.

What is unit 1611 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palazzo Versace sold for AED 3,015,526 to 3,880,000 in the last 12 months, around AED 1,887 per sqft.

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Mortgage on 1611, Palazzo Versace

Starts from the last sale price (AED 6.12M, 13 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,117,840
Deposit, UAE resident (20%)
AED 1,223,568
Deposit, non-resident (40%)
AED 2,447,136
Monthly over 25 years at 3.7%
AED 25,030

Plus AED 261,960 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →